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What is the 2011 maximum 403b contribution for age 50 and over?
The maximum 403b contribution and catchup will stay the same for 2011. $16,500 + 5500 catch-up
What is the maximum age for ROTH IRA contributions?
No max for Roth...can contribute money into IRA forever. Non-roth have an age limit of 70 1/2
Can you contribute to an IRA or 401k after age 70.5?
You can contribute to a Roth IRA after age 70.5 as long as you have earned income, but you cannot contribute to a traditional IRA after that age. For a 401(k) plan, it depends on the rules of the specific plan, but typically you can continue to contribute to it past age 70.5 as long as you are still working and the plan allows for it.
An eligible employee over age 55 could expect to contribute what maximum amount for his or her 401K limit 2013?
For the year 2013, the maximum contribution limit for a 401(k) account for employees over the age of 50 was $23,000. This consisted of the standard contribution limit for that year ($17,500) plus an additional catch-up contribution limit of $5,500 for individuals aged 50 and over.
What does upper age limit mean?
Upper age limit refers to the maximum age at which a person is eligible for a particular opportunity or benefit. For example, some job postings or government programs may have an upper age limit for applicants.
What is the 2011 maximum 403b contribution for age 50 and over?
The maximum 403b contribution and catchup will stay the same for 2011. $16,500 + 5500 catch-up
What is the maximum 403b contribution for 2009?
According to "My Money Blog" the maximum amount for a 403b increases to $16,500 for 2009. http://www.mymoneyblog.com/archives/2009/01/2009-401k-403b-maximum-salary-contribution-limits.html
What is the maximum 403b contribution for 2011?
17,500
Can you contribute to both a roth IRA and 403b?
yes
Can you contribute to both a 401k and 403b in the same year?
Yes, this is possible if you earn enough and the plans allow it. Your total contribution amount, 401k plus 403b can not exceed the $15,500 ($20,500 if over age 50) for 2008.
What is the maximum 403b contribution for 2010?
The 402g limit (Pre-tax deferral Maximum) for 2010 is $16,500.
Does the employer match portion of a 403b counts towards the 2008 max of 15500?
No, the employer matching contribution does not count toward the $15,500 contribution limit for 2008. If you are over age 50 at any time in 2008, you can contribute an additional $5,000 to your 403b plan.
Can you cash out your 403b?
You can cash out your 403b, but expect tax penalties of up to 30% if you are under the age of 59 1/2.
Can you contribute to all 401a 403b and 457b if YES is there a total contribution limit?
Yes you can contribute to all three however the 401k and the 403b share the same elective deferral limit (402(g) Limit) of 16,500 plus 5,500 for over age 50. 457 have a different limit (it's call a 457 limit) plus a separate age 50 catch up (only for governmental 457 plans) so your totals are 16,500 plus 5,500 for 401k and 403b 16,500 plus 5,500 for 457. Total $44,000
Can you have a 403b and contribute to a 401k too?
Yes, but the contribution limit includes both, i.e., no more than $15,500 total in 2008 plus $5,000 "catch-up" if age 50 or over.
What is the maximum age for ROTH IRA contributions?
No max for Roth...can contribute money into IRA forever. Non-roth have an age limit of 70 1/2
What is the yearly amount one can contribute to a 403B?
The IRS just released the figures for 2011 and they will be $16,500.... unchanged from 2010.
